Sable Buys Interest in Liberation Mining

7 June 2011 (Last Updated June 7th, 2011 18:30)

Sable Mining Africa has bought 49% interest in Liberation Mining for an undisclosed sum. Liberation Mining is the owner of the Lubimbi Coal Project in the Gwaai area of the Kariba coal basin in Zimbabwe. The project. which covers 16,545ha, has an in-situ coal tonnage in excess o

Sable Mining Africa has bought 49% interest in Liberation Mining for an undisclosed sum.

Liberation Mining is the owner of the Lubimbi Coal Project in the Gwaai area of the Kariba coal basin in Zimbabwe.

The project. which covers 16,545ha, has an in-situ coal tonnage in excess of one billion tons, according to historical data.

The company plans to begin a 10,000m phase one exploration and development programme at the site to confirm the tonnages.

Sable will also simultaneously investigate the potential mix of coking, metallurgical and thermal coal products.